Intuit Executive Promotion and Compensation Agreement with Alex Chriss (November 2018)

Contract Categories: Human Resources › Employment Agreements
Summary

This letter from Intuit confirms the promotion of Alex Chriss to Executive Vice President & General Manager, SBSEG, effective January 1, 2019. It outlines his new base salary, increased incentive plan target, and details of equity awards, including a promotion grant and future award eligibility. The agreement specifies that the FY19 bonus will be prorated and that equity grants are subject to the terms of Intuit’s 2005 Equity Incentive Plan and required approvals.

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EX-10.49 6 fy19q4-ex1049.htm EXHIBIT 10.49 Exhibit
Exhibit 10.49

    

November 7, 2018

Alex Chriss


Dear Alex,

You are a valued and important leader and you play a critical role in Intuit’s mission to power prosperity around the world. I’m delighted to confirm your promotion to Executive Vice President & General Manager, SBSEG. This promotion recognizes both the increased scope and impact your role has across Intuit, as well as your excellent performance.

I’m pleased to provide you with details of your new compensation which will be effective, January 1, 2019:

Current Base Salary
New Base Salary
 
 
$481,500
$600,000 (+25%)
 
 
 
 
 
 
 
Current IPI Target
New IPI Target*
 
 
60%
100%
 
 
 
 
 
 
 
Equity
 
 
 
FY18 Focal Award Grant
January 2019 Promotion Grant
 
 
$1,300,000 (Grant Value)
$2,150,000
 
 
 
 
 
 
 
 
 
July 2019 Focal Award Grant**
 
 
 
 
 
 
 
 
 
 
 
 

*FY19 bonus will be prorated based on number of days in each position
** Subject to the terms and conditions of the Intuit Inc. 2005 Equity Incentive Plan and CODC approval

I look forward to seeing your success and development in this expanded role. I am confident you will continue to achieve great outcomes for Intuit and be a boundaryless leadership role model for others.

Congratulations,

/s/ Sasan Goodarzi

Sasan Goodarzi
EVP & General Manager, SBSEG

cc: Laura Fennell